REG - Symphony Environment - Grant of Options

Symphony Environmental TechnologiesAnnouncement

01/11/2024 11:15

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RNS Number : 6496K  Symphony Environmental Tech. PLC  01 November 2024

 

1 November 2024

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Company")

 

Grant of Options
 
 

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist that
makes plastic products smarter, safer and sustainable, announces that it has
granted options over 1,000,000 ordinary 1p shares in the Company (the
"Options") to a UK based company that specialises in making introductions
into, and developing operational arrangements in the Middle East. The Options
are being issued in lieu of cash.

 

The Options vest only upon certain workstreams having been completed by the
option holder, have an exercise price of 10p each and are valid until 31
December 2025. Following grant of the Options, the total number of options in
issue by the Company is 171,141,500 representing approximately 7.6% of total
issued share capital.

 

Enquiries

 

 Symphony Environmental Technologies Plc
 Michael Laurier, CEO                                                   Tel: +44 (0) 20 8207 5900
 Ian Bristow, CFO
 www.symphonyenvironmental.com (http://www.symphonyenvironmental.com/)
 Zeus (Nominated Adviser and Broker)
 David Foreman / Alexandra Campbell-Harris (Investment Banking)         Tel: +44 (0) 20 3829 5000
 Dominic King (Corporate Broking)

 

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies plc

www.symphonyenvironmental.com (http://www.symphonyenvironmental.com)

 

d2w TECHNOLOGY

Symphony has developed a biodegradable plastic technology which addresses the
problem of persistent microplastics, by turning ordinary plastic at the end of
its service-life into a waxy substance which is biodegradable. It is then no
longer a plastic and can be bioassimilated in the open environment in a
similar way to a leaf without leaving microplastics behind. See
https://www.symphonyenvironmental.com/why-biodegradable/
(https://www.symphonyenvironmental.com/why-biodegradable/) The technology is
branded d2w® and appears as a droplet logo on many thousands of tonnes of
plastic packaging and other plastic products around the world, much of which
has been recycled. In some countries, oxo-biodegradable plastic is mandatory
for short-life plastic products.

d2w technology was studied for three years in the Oxomar project, sponsored by
the French government, which concluded that plastic made with Symphony's d2w
oxo-biodegradable technology will biodegrade in seawater significantly more
efficiently than conventional plastic. See
www.biodeg.org/subjects-of-interest/agriculture-and-horticulture/the-marine-environment/
(http://www.biodeg.org/subjects-of-interest/agriculture-and-horticulture/the-marine-environment/)
 

Following this report, the scientists allowed bacteria commonly found in the
open environment access to d2w oxo-biodegradable plastic containing Carbon
13.  They found Carbon 13 in the carbon dioxide exhaled by the bacteria,
proving beyond doubt that the plastic had been bioassimilated by the bacteria.

d2p TECHNOLOGY

Symphony has developed a range of additives, concentrates and master-batches
marketed under its d2p® ("designed to protect") trademark, which can be
incorporated in a wide variety of plastic and non-plastic products so as to
provide protection against many different types of bacteria, viruses, fungi,
algae, moulds, and insects, and against fire. See www.d2p.net
(http://www.d2p.net) d2p products also include odour, moisture and ethylene
adsorbers as well as other types of food-preserving technologies. For an
overview see www.d2p.net (http://www.d2p.net)    Symphony has launched d2p
anti-microbial household gloves and toothbrushes and "Symfresh" food-packaging
and is developing a range of other d2p finished-products for retail sale.

d2c TECHNOLOGY

Symphony has complemented its d2w and d2p product ranges with d2c "compostable
resins and products" that have been tested to US and EU composting standards
and has invested in Eranova - a French company extracting starch for making
plastics out of algae.

d2DETECTOR

Symphony has also developed the d2Detector®, a portable device which analyses
plastics and detects counterfeit products.  This is useful for government
officials tasked with enforcing legislation, and Symphony's d2t tagging and
tracer technology is available for further security.

SYMPHONY'S BUSINESS

Symphony has a diverse and growing customer-base and has established itself as
an international business with over 70 distributors around the world. Products
made with Symphony's plastic technologies are now available in nearly 100
countries and in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.

Symphony is a founder-member of The BPA (www.biodeg.org) and actively
participates in the Committee work of the British Standards Institute (BSI),
the American Standards Organisation (ASTM), the European Standards
Organisation (CEN), and the International Standards Organisation (ISO).

Further information on the Group can be found at www.symphonyenvironmental.com
and X @SymphonyEnv. See also Symphony on Instagram.

 

 

 

 

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